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Revenue (Tables) | 3 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue by Major Source | The following tables disaggregate revenue by major source (in thousands):
| Three Months Ended March 31, 2024
| Ethanol Production |  | Agribusiness & Energy Services |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |
Revenues from contracts with customers under ASC 606 |  |  |  |  |  |  |
Ethanol | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Distillers grains | 24,800 |  |  | — |  |  | — |  |  | 24,800 |
Renewable corn oil | — |  |  | — |  |  | — |  |  | — |
Other | 14,347 |  |  | 2,412 |  |  | — |  |  | 16,759 |
Intersegment revenues | 1,213 |  |  | 89 |  |  | (1,302) |  |  | — |
Total revenues from contracts with customers | 40,360 |  |  | 2,501 |  |  | (1,302) |  |  | 41,559 |
Revenues from contracts accounted for as derivatives under ASC 815 (1) |  |  |  |  |  |  |
Ethanol | 350,112 |  |  | 73,375 |  |  | — |  |  | 423,487 |
Distillers grains | 77,923 |  |  | 9,690 |  |  | — |  |  | 87,613 |
Renewable corn oil | 34,160 |  |  | — |  |  | — |  |  | 34,160 |
Other | 3,104 |  |  | 7,291 |  |  | — |  |  | 10,395 |
Intersegment revenues | — |  |  | 6,139 |  |  | (6,139) |  |  | — |
Total revenues from contracts accounted for as derivatives | 465,299 |  |  | 96,495 |  |  | (6,139) |  |  | 555,655 |
Total Revenues | $ | 505,659 |  |  | $ | 98,996 |  |  | $ | (7,441) |  |  | $ | 597,214 |
| Three Months Ended March 31, 2023
| Ethanol Production |  | Agribusiness & Energy Services |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |
Revenues from contracts with customers under ASC 606 |  |  |  |  |  |  |
Ethanol | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Distillers grains | 25,010 |  |  | — |  |  | — |  |  | 25,010 |
Renewable corn oil | — |  |  | — |  |  | — |  |  | — |
Other | 9,587 |  |  | 8,450 |  |  | — |  |  | 18,037 |
Intersegment revenues | 1,105 |  |  | 52 |  |  | (1,157) |  |  | — |
Total revenues from contracts with customers | 35,702 |  |  | 8,502 |  |  | (1,157) |  |  | 43,047 |
Revenues from contracts accounted for as derivatives under ASC 815 (1) |  |  |  |  |  |  |
Ethanol | 498,186 |  |  | 88,639 |  |  | — |  |  | 586,825 |
Distillers grains | 111,925 |  |  | 11,363 |  |  | — |  |  | 123,288 |
Renewable corn oil | 44,296 |  |  | 716 |  |  | — |  |  | 45,012 |
Other | 7,609 |  |  | 27,168 |  |  | — |  |  | 34,777 |
Intersegment revenues | — |  |  | 5,998 |  |  | (5,998) |  |  | — |
Total revenues from contracts accounted for as derivatives | 662,016 |  |  | 133,884 |  |  | (5,998) |  |  | 789,902 |
Total Revenues | $ | 697,718 |  |  | $ | 142,386 |  |  | $ | (7,155) |  |  | $ | 832,949 |
(1)Revenues from contracts accounted for as derivatives represent physically settled derivative sales that are outside the scope of ASC 606.

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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